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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net income $ 808 $ 689
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 19 20
Amortization of intangibles 31 29
Provision for losses on accounts receivable 10 10
Deferred income taxes (3) (6)
Stock-based compensation 19 11
Gain on dispositions (2) (7)
Other 19 29
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable 65 76
Prepaid and other current assets (56) (52)
Accounts payable and accrued expenses (239) (251)
Unearned revenue (61) (12)
Other current liabilities 25 49
Net change in prepaid/accrued income taxes 172 125
Net change in other assets and liabilities (39) (30)
Cash provided by operating activities 768 680
Investing Activities:    
Capital expenditures (18) (11)
Acquisitions, net of cash acquired (9) (183)
Proceeds from disposition 2 0
Changes in short-term investments 1 11
Cash used for investing activities (24) (183)
Financing Activities:    
Dividends paid to shareholders (186) (161)
Distributions to noncontrolling interest holders, net (69) (51)
Repurchase of treasury shares 0 (1,153)
Exercise of stock options 3 8
Employee withholding tax on share-based payments (41) (44)
Cash used for financing activities (293) (1,401)
Effect of exchange rate changes on cash (55) (30)
Net change in cash, cash equivalents, and restricted cash 396 (934)
Cash, cash equivalents, and restricted cash at beginning of period 4,122 2,886
Cash, cash equivalents, and restricted cash at end of period $ 4,518 $ 1,952